Recent News From Corp Comm Legal

GST mismatch - government's cup of woes

Published: 16 Apr 2018

These days, GST is in the news for all wrong reasons - the latest in this series is tax disparities in the returns.
Indian government is fronting garden-fresh qualms of businessmen evasion of taxes as the Indian Income Tax authorities (IT) are tackling with INR 34,000-crore GST enigma.
This enigma is a gigantic repercussion to the GST regime and adding insult to the injury - the World Bank has...

Safeguarding price sensitive information

Published: 15 Apr 2018

There have been media reports that the financial results of the April-June 2017 quarter of certain companies was circulated on whatsapp groups even before they were revealed to public.
Circulation of any unpublished price sensitive information (UPSI) in the public prior to the official disclosure of such UPSI to the public is against public policy and violation of law.
Unfortunately, certain p...

Concerns over Alternative Investment Funds

Published: 13 Apr 2018

These days it is very common for investors to foster investments funds via private equity, venture capital and hedge funds (Alternative Investment Funds - AIF).
The Securities and Exchange Board of India (SEBI) has expressed concern over the possibility of using AIF as potential route to indulge in money laundering transactions which will likely to defeat the very purpose of the AIF.
SEBI iden...

SEBI tightening algorithmic trading norms

Published: 12 Apr 2018

The Securities and Exchange Board of India (SEBI) is deliberating to tighten restrictions on algorithmic trading – this could be achieved by levying a congestion charge on traders for a prescribed slab.
The objective behind the proposed move is to ensure that market traders employing algorithmic trading don’t derive an unfair advantage over those traders who do not have access to such technology...

Defining "Shell Companies"

Published: 10 Apr 2018

As it is widely known now, in a major crack down the Indian Government had de-registered 226,000 companies from the registry of the Indian companies due to irregular or no filings of statutory returns and non-compliance with certain compliance requirements.
As a consequence, such companies ended up defunct companies and directors thereof were disqualified and no more eligible to act as directors...

Defining "Shell Companies"

Published: 10 Apr 2018

As it is widely known now, in a major crack down the Indian Government had de-registered 226,000 companies from the registry of the Indian companies due to irregular or no filings of statutory returns and non-compliance with certain compliance requirements.
As a consequence, such companies ended up defunct companies and directors thereof were disqualified and no more eligible to act as directors...

Complexities of GST

Published: 09 Apr 2018

We always knew it and the World Bank has now certified it.
The Goods and Services Tax (GST) launched with much fanfare and a midnight session of the Parliament (apparently all the efforts went into creating the hype, rather than in preparation) has the dubious and unenviable distinction of being the most complex tax structure in the world in a survey of 115 countries by none other than the World...

Tackling the menace of Cyber Crimes

Published: 07 Apr 2018

Cybercrime is defined as a crime in which an electronic device is the object of the crime (hacking, phishing, spamming) or is used as a tool to commit an offense (child pornography, hate crimes, etc.).
These days, too many people and organisations are becoming victims of cyber-crimes. Cyber attackers/hackers are opting cyber-hacking as a weapon to generate easy money in single stroke without muc...

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